Answer:
Letter b is correct. Misappropriate the incoming check related to returned goods and deposit the check in a bank account other than the company's.
Explanation:
A pay-and-return scheme is a scheme where an employee intentionally defrays a payment amount from a vendor, increasing that expense and reimbursing the excess amount of that payment. It can also be performed on a dual payment scheme to a vendor, and after the employee reports the error to the vendor and gets a check back, he can refund the amount.
Answer:
Budgeted direct labor cost= $10,150
Explanation:
Giving the following information:
Production:
March= 1,400 units
April= 1,500 units
Each nightstand requires 0.25 direct labor hours in its production. Direct labor rate of $ 14.00 per direct labor hour.
To calculate the production budget cost for direct labor, we need to use the following formula:
Direct labor cost= total direct labor hours*direct labor rate
<u>March:</u>
Direct labor hours= 0.25*1,400= 350 hours
<u>April:</u>
Direct labor hours= 0.25*1,500= 375 hours
Budgeted direct labor cost= (350 + 375)*14= $10,150
Answer:
20%
Explanation:
Public Limited Companies pay Corporation tax rates, currently set at 20%, on their taxable profits. There are also tax-deductible costs and allowances that can be offset against the company profits for even greater tax savings.
Answer:
The correct answer is letter "B": an underdeveloped infrastructure.
Explanation:
The worldwide market we live in today has allowed companies to <em>outsource </em>their activities to different countries in an attempt to lower production costs and avoid stiff regulations. However, there are many challenges firms have to deal with while starting businesses in foreign regions.
Depending on the industry of the company, sometimes the firms must invest in countries with underdeveloped infrastructure. It could imply building facilities, bridges, highways or any other infrastructure that will allow the company to conduct its operations normally.
Answer:
Option (a) is correct.
Explanation:
Depreciation in 2017:
= $1,750
Accumulated Depreciation = $29,400 + Depreciation in 2017
= $29,400 + $1,750
= $31,150
Book value on date of sale = Original cost - Accumulated Depreciation
= 50,000 - 31,150
= 18,850
Loss on sale = Book value on date of sale - Sales price
= 18,850 - 18,000
= $850 (Loss)
